Bajoria issue -- SEBI to rework takeover Code
SEBI has said the Bhagwati Committee on Takeover Code was looking into the developments of Arun Bajoria's concerted attempt to acquire a major stake in Bombay Dyeing and the affair had underlined the need for amending the Code to make it fool-proof.



UTI chief climbs down from Point 6000
UTI Chairman P S Subramanyam, who had earlier predicted the Sensex to touch 6,000 by Diwali, seems to have turned wiser these days. Instead of 6,000, Sensex had plunged to a 17-month low of 3593 on Wednesday, a week ahead of the Diwali festival.



FIs seek EIH, A-I details from ITC
Financial institutions, one of the main promoters of Calcutta-based tobacco major ITC have asked for a detailed report from the ITC management on their move to pick up a sizeable stake in East India Hotels, operators of Oberoi group, and Air-India.



Other headlines
Bajaj Auto workers go on strike
ICRA downgrades ACC, Gujarat Ambuja
Microsoft, AOL, Sun, Nokia surprise with strong growth
State puts blame on DPC for MSEB's ailment
Nothing wrong in Mukta-Panna contract, says SC
Takeover battle for GESCO Corpn too
Wipro cuts ADS price further, lists on NYSE